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Trump Media & Technology Group on Tuesday named an interim CEO as Devin Nunes steps aside, marking a leadership transition at the parent of Truth Social following recent board departures and significant financial losses in 2025.
The company has named longtime adviser Kevin McGurn as interim CEO effective immediately, succeeding Nunes, who has led the company since 2022. McGurn brings more than two decades of experience across media, communications and advertising technology, according to the company.
The leadership change comes as Trump Media continues to report significant revenue-related losses. The company posted a loss of more than $712 million in 2025 — on an estimated $3.7 million, according to its annual filing with the Securities and Exchange Commission.
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Devin Nunes has served as CEO of Trump Media since 2022. (Al Drago/Bloomberg via Getty Images)
Financial disclosures show expenses far outpace revenue, including more than $576 million in operating expenses. A large portion of the loss was tied to write-downs and losses related to digital assets, highlighting the company's exposure to volatile investment environments.
“I want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as interim CEO,” Donald Trump Jr., a board member, said in a statement.
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President Donald Trump addresses reporters before answering questions before boarding Air Force One on April 10, 2026. (Wina McNamee/Getty Images)
Nunes said the change comes as the company enters a new phase, adding that it was “the right time” for McGurn to take the helm while focusing on other roles, including chairing the President's Intelligence Advisory Board.
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| DJT | Company TRUMP MEDIA & TECHNOLOGY GROUP CORP | 9.82 | -0.38 |
-3.73% |
The leadership change follows a series of recent board departures disclosed in regulatory filings. Former US Trade Representative Robert Lighthizer resigned from the board in March, and director Eric Swider resigned earlier this month. The company said that in both cases there was no disagreement with the management.
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Trump Media is the parent company of Truth Social. (Stock)
Trump Media, which operates the Truth Community platform and its streaming service Truth+ and fintech brand Truth.Fi, has sought to expand beyond social media into areas including financial services and digital goods as it looks to grow its business.
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The company has planned leadership changes as part of its next phase, with McGurn expected to direct operations and strategic plans moving forward.
